Kohl's

No edits. No cats about private equity has on public trading companies, T Excuse me. I'm under the weather through my best, but Let me explain something to you guys about what they call it dis My dis banded Investment group it's called the dig okay There's these proxy letters that go out to companies and they're via the dig the dis banded investment group and most of the time they're backed by a group of people that are like macell It is a 14a from coals It is a notice of annual meeting and proxy statement for 2022 That's on them But It'll be on September 9th 2020 a representative of macell Roup for September 10th 2020 Then you just keep going on and they list everything as far as macell Bonpart and mr. Sica Interviewed the dig nominees Margaret Jenkins and Thomas Kingsbury. Well, I'm sorry to break it to you guys But that's the beginning of the end because as you guys know a lot of So when these guys went into Coles around 50 bucks a share It's touched down to six dollars already T So I'd say they're down 90 percent somewhere in that range close to it since these guys have come around but I'll tell you something else The company big lots has gone bankrupt on the board of directors Thomas Kingsbury Macell That's embarrassing the next one was They did the same proxy battle with Bed Bath and Beyond Macell You will never see them again and Now we're at Coles same play same everything Bonpart Informed a representative of Macell Roop would soon reach out to schedule a meeting with directors Frank John and chairman of the finance committee Michael Bender if you look here Michael Bender met with representatives of Macell Anybody know why I have problem Michael Bender being appointed and being given these positions while explained Michael Bender is this gentleman who has calls the points Michael Bender as the CEO today and Via this morning effective yesterday Michael Bender is now the CEO I'm gonna tell The issues I have is because he also comes from L brands and Victoria'secret Maybe some of you guys know the partnerships with private equity and just so we're clear private equity would be Whatever Everyone's doing deals with Michael and Private equity who cares no they got either money. I don't care Here's my problem If you weren'the answer in 2019 and you weren'the answer in 2022 And you're not the answer now because remember we He was fired and gone now We're at Michael Okay, he still did a deal with it with Sephora for money that you can't make and you can't pay back The 1. 5 billion dollars borrowed by Thomas Kingsbury That's the next step Then they're going to sell their properties and lease them back via private equity no problem Then they will start leveraging their shareholders So t Head hunting firms to get you the best candidate For the job you It's not Believe me or don't I Have I've seen it happen The track record of dismantling of destroying Companies for years now And is there's just no way around t I got a lot of GameStop. I'm good with GameStop. I'm not good with Coles All right, well I didn't have to be a long drawn-out video. Have a great day. I gotta go peace